Editorial: Can student loan debt be opioid solution?

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Many students rack up loads of debt in the course of getting an education. In fact, Americans of all ages collectively owe more than $1.5 trillion in outstanding student loans today. seem like a.

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 · Bad Solution – Missing Student Loan Payments. The worst solution you can take is simply missing your student loan payment. However, if it is the difference between eating this month and making a student loan payment – of course you have to take care of yourself an your family.

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With student loan debt tripling between 2001 and 2016, hitting the $1.5 trillion milestone in the first quarter of 2018, the Federal Reserve reports that student loan debt now exceeds both auto and credit card debt. The congressional budget office estimates that $1.27 trillion in new federal student loans will be added between 2018 and 2028.

A student loan debt settlement can have a negative impact on your credit report and FICO score, since it indicates that you’ve gone into both delinquency and default on a loan. However, a settlement may be the lesser of two evils and doesn’t affect your credit score as badly as a collection or judgment might.

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A new program from the Michigan Department of Health and Human Services is offering student debt relief for medical professionals who begin providing or expand treatment for opioid addiction.

A new program hopes to be the answer to two problems: the need for doctors to repay their hefty student loans and the need to increase access to opioid treatment in underserved communities.

LONG-TERM CONSEQUENCES:Crushing student loan debt, stagnant pay can put teachers in financial bind FIND OUT MORE: Debunking the 5 biggest myths and misconceptions about student loans A comprehensive.

 · The student loan refinancing task force is the first step of Wisconsin’s search for a holistic solution for the student debt crisis, in which state-run student loan refinancing may or may not be a part. Just as the reasons for the student loan crisis are variate, so should the remedies.

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